More in Engines

  • Newswire

    REFILE-AUTOSHOW-Volkswagen Group earmarking $11.8 bln to develop, build China electric cars  

    (Refiles to clarify reporting credit) GUANGZHOU/BEIJING, Nov 16 (Reuters) - Volkswagen Group plans to spend 10 billion euros ($11.8 billion) by 2025 to develop and manufacture so-called new-energy vehicles (NEVs), the group's China chief Jochem Heizmann told Reuters on Thursday. China has set stringent production quotas for NEVs which automakers must meet by 2019, a move that is prompting a flurry of electric car deals and new launches of battery electric and plug-in hybrid models as automakers in China race to ensure they do not fall short....More
  • Newswire

    China Battery Maker CATL Plans IPO to Fund Expansion  

    CATL, or Contemporary Amperex Technology Co., which plans a $2 billion IPO designed to raise ¥13.1 billion to build two new battery plants, has grown rapidly thanks to the Chinese government's promotion of electric and plug-in hybrid vehicles....More
  • Newswire

    GM China Chief Says EV Sales Will Meet Quotas By 2019  

    Matt Tsien says GM's joint ventures hope to sell so-called New Energy Vehicles in sufficient numbers by 2019 that the JVs will not need to buy credits from other automakers....More
  • Newswire

    Ford to Form Electric Vehicle JV With Chinese Automaker  

    Ford and China's Anhui Zotye Automobile have agreed to invest $756 million in a 50-50 JV that will manufacture all-electric vehicles for the world's biggest auto market....More
  • Newswire

    Electric-Van Maker Plans Tests in California, Ohio  

    Workhorse Group, whose customers already include United Parcel Service and FedEx, says it will test its new lightweight N-Gen electric van in several unnamed cities in California and Ohio beginning in first-quarter 2018....More
  • Newswire

    Tesla Buys Maker of Automation Equipment  

    Tesla is buying privately held Perbix Machine, a Minnesota-based designer of automated manufacturing equipment that has been a supplier to the electric-vehicle maker for nearly three years....More
  • Newswire

    Automakers Step Up Pace of EV Charger Installations  

    A joint venture of BMW, Daimler, Ford and Volkswagen with its Audi and Porsche brands plans to open 20 ultra-fast electric-vehicle charging stations, open to the public at locations in Germany, Norway and Austria, this year....More
  • Newswire

    CORRECTED-UPDATE 1-Audi recalls 5,000 diesel cars to fix emissions control software  

    (Corrects engine size of Audi A8) * Audi plans software fixes to improve nitrogen oxide emissions * Says regulator KBA pointing to illegal manipulation * A8s with 4.2 litre diesel engines affected FRANKFURT, Nov 2 (Reuters) - Audi is recalling almost 5,000 cars in Europe for a software fix after discovering they emitted too much nitrogen oxide, the polluting gas that parent Volkswagen concealed from U.S. regulators in its devastating 2015 "dieselgate" scandal....More
  • Newswire

    REFILE-Tesla must stop overpromising, could need more finance -analysts  

    (Fixes typo in Silicon Valley in second paragraph) Nov 2 (Reuters) - Tesla Inc was set to open more than 6 percent below the previous close on Thursday after it spooked investors with its biggest quarterly loss yet and a delay in production targets for its Model 3 vehicle by about three months....More
  • Newswire

    North American Nickel Sees Greenland Mine Operating by 2024  

    CEO Keith Morrison says by the time North American Nickel's current exploration project results in sales of nickel, electric-vehicle battery makers' demand for the metal should be fully ramped up....More
  • Newswire

    Gigafactory's Output for Tesla Batteries to Increase, Panasonic Says  

    Panasonic says production will increase now that it is fixing the manufacturing bottlenecks that have limited output of the battery cells it supplies to Tesla for its Model 3 electric sedan....More

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